Canada’s construction workforce would have to grow by one-third—or about 410,000 to 520,000 people—over five years to fulfill Prime Minister Mark Carney’s ambitious building agenda, according to a report from Deloitte. (The Logic)
Talking point: The roughly half-a-million-worker gap doesn’t account for any retirements, though some 270,000 workers are expected to hang up their hard hats between now and 2035. Canada needs a human resources strategy reflecting “a co-ordinated, sustained effort” to reach Carney’s goal of building 500,000 homes each year by 2035. The effort will require accepting more immigrants with trades experience, and shortening the time it takes to recognize their credentials and bring them onto worksites. Most importantly, the report argues for a boost in productivity through investing in and using new tech.